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Market News

Location American Market News for 4 June 2020
Completely Factual, But Totally Useless Economic Data Much of the economic data we currently get is skewed by various government programs. We have to think about whether the data really tells the story we think it is telling.
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A $9 Billion Wall Street Heavyweight Talks Racism And How To Build A Better Society "This nation is the United States," says Tracy Maitland, head of one of Wall Street's largest minority-owned investment firms, "If we are going to be united, everyone has to have equal access and full and fair considerat...
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Why Mr. Market Ignores a World in Turmoil

Wall Street Journal - 4 Jun 2020 14:15
TV gameshows have demonstrated that humans are prepared to make fools of themselves when there is a chance of winning a big pile of cash. Instead of a fast-talking game show host we have Mr. Market.
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China's Street Vendors Serve Up Stock Bubbles, Piping Hot

Wall Street Journal - 4 Jun 2020 09:56
China is turning to its street vendors to help reboot the economy after the coronavirus. This may or may not create many jobs--but it has already brought big bucks for punters.
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Emotional Assets Put Away Venture Capital Returns Consider, collectibles have outperformed government bonds, gold and T-bills, up 6.4% in nominal terms, 2.4% in real returns for over 100 years.
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The Securities and Exchange Commission awarded a former trader at Bank of New York Mellon Corp. $50 million, a record whistleblower payment from the agency.
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Bitcoin Gains 4% But Continues To Struggle Below $10,000 Bitcoin once again failed to surpass $10,000. When will the world's most prominent cryptocurrency break past this key resistance?
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Extending The $600 Unemployment Benefit Would Hurt The Economy In 2021: CBO Report If Congress doesn't take action, the enhanced benefits will run out at the end of July.
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Don't Expect A Second Stimulus Check

Forbes - 4 Jun 2020 21:25
Don't Expect A Second Stimulus Check If you're counting on a second stimulus check, you may want to reconsider.
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The Case for Alternative Investments

Wall Street Journal - 4 Jun 2020 20:04
These investments, such as private equity, aren't for everyone, but some financial advisers see opportune timing for deals and diversification.
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Where to Go to Get Help With College Debt

Wall Street Journal - 4 Jun 2020 20:01
A guide to resources that can help individuals and families struggling with student-loan debt, from apps and advice to free legal aid
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ZoomInfo Shares Nearly Double in Market Debut

Wall Street Journal - 4 Jun 2020 19:44
ZoomInfo Technologies' shares skyrocketed following the company's trading debut, in what is the biggest technology initial public offering so far this year.
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The report states that in a socioeconomic environment where people are not assured of their future employment prospects, there is limited willingness to purchase a property and, therefore, the demand for rental units may...
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Top Companies To Short In A Potentially Overbought Market There are pockets of the stock market that look far too overvalued to ignore, and our deep learning algorithms paired with our Artificial Intelligence ("AI") technology has identified the top short targets for today.
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Oil Prices Slip After OPEC Disagreement

Wall Street Journal - 4 Jun 2020 18:06
A rally in oil prices stalled after signs of discord over supply cuts among the Organization of the Petroleum Exporting Countries and other major producers.
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Top Stocks To Buy As Nasdaq Hits Record High This week's jobless claims are much higher than anticipated and the Nasdaq has fully recovered from losses due to the Coronavirus. The momentum is definitely there, and our AI tells us these are the top buys for today.
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Stimulus Checks Hinge On U.S. Labor Market. Are Those Hopes Getting Better? The hopes of stimulus checks becoming a reality hinge on the health of the U.S. economy and its labour market. Andrew Yang and Kamala Harris have renewed calls for Americans to get a $2000 a month stimulus check.
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Dow Jones Futures: Dow Moves Lower As Coronavirus Stock Market Rally Shows Concerns About Trump News; Jobless Claims And ECB Ahead Investors are largely insulated from the on-going riots and looting in the streets of the U.S. Although some concerns have started to surface among traders about the civil unrest in America today.
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The Secret To Union Pacific's 75% Gains

Forbes - 4 Jun 2020 17:50
The Secret To Union Pacific's 75% Gains The stock price of Union Pacific, one of the world's largest railroad companies, is up over 75% since the end of 2016. But how did the company pull off such impressive gains, as its revenues grew a mere 9% over the same ...
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America's Natural-Gas Woes Are Imported

Wall Street Journal - 4 Jun 2020 17:39
Natural-gas inventories are bulging before summer has begun and neither domestic supply nor demand is the reason.
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The Stock Market Doesn't Care About Violence. Here's How It's Performed During Major U.S. Protests And Tragedies Investors continue to ignore the pandemic, protests and politics.
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Can Norwegian Cruise Line Stock Recover After A 70% Drop? Norwegian Cruise Line Holdings has taken a hammering as the Covid-19 pandemic spread. As customers cancel their bookings and demand refunds, Norwegian, much like other cruise liners, is facing a huge cash outflow which h...
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